St James’s Place (SJP) is facing a potential shareholder revolt over its executive pay package after a corporate governance organisation raising concerns to its members.
Institutional Shareholder Services (ISS) said SJP investors should vote against the group's executive remuneration at its annual general meeting on Thursday. ISS said top bosses at the wealth manager were benefiting from a "windfall gain" from share awards granted during the Covid-19 pandemic. Information sent to ISS members, seen by PA, said: "Material concerns have been identified in respect of the vesting of the 2020 long-term incentive plan (LTIP) award, which is judged to have significantly benefitted from 'windfall gains'. "The share price used to determine the grant value was b...
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